TSMX ETF — Direxion Daily TSM Bull 2X Shares

Direxion Daily TSM Bull 2X Shares (TSMX)

Updated October 16, 2026.

TSMX is an ETF linked to Taiwan Semiconductor (TSM). its distribution rate is 1.73%, its trailing-12-month yield is 5.86%, its expense ratio is 0.99%. Dividend Vision Distribution Safety Score™ is 68/100 (Generally safe). Total return is 211.8% over the past 2 years, 77.1 points ahead of TSM at 134.7%.

Direxion Daily TSM Bull 2X Shares is an ETF that seeks to deliver twice the daily performance of Taiwan Semiconductor Manufacturing Company's stock through leveraged exposure using swaps, options, and direct holdings. The fund carries a modest distribution rate paid quarterly and has an expense ratio of 0.99%, though the leveraged structure introduces magnified volatility and daily reset risk that differs materially from buy-and-hold exposure to the underlying stock. This fund appeals to active traders and tactical investors seeking amplified short-term exposure to Taiwan Semiconductor, rather than long-term buy-and-hold income investors.

TSMX performance versus TSM

Price and return data through 2026-10-16.

Total return is 211.8% over the past 2 years, 77.1 points ahead of TSM at 134.7%. Over the past year its total return — price change plus distributions reinvested — is 48.5%. Its deepest 1-year drawdown was 39.9%.

TSMX key facts

Distribution Safety Score™

68 · Generally safe

Safety-Adjusted Yield

1.18%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

10/03/2024

Expense ratio

0.99%

Distribution rate

1.73%

Distribution frequency

Quarterly

Trailing yield

5.86%

Last close

$73.09 (as of 2026-10-16)

AUM

$499,433,308

Average volume

625886.0

Dividend

$0.316

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

4.0605

How Dividend Vision calculates yield and returns

Distribution rate (1.73%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.86%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion or company page; Index: Taiwan Semiconductor (TSM); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TSMX risks and drawbacks

TSMX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 39.9%.

Who may consider TSMX — and who may not

It is a weaker fit for investors who need monthly cash flow (TSMX pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on TSMX

• All tickers starting with T

Tagged: Leverage, Single, Technology.

Frequently asked questions

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